Solve the Problem. -The Unpaid Balance in an Account on May 1 Was

question 244

Multiple Choice

Solve the problem.
-The unpaid balance in an account on May 1 was $221. A purchase of $27 was made on May 8. A $80 payment was made on May 22. The finance charge rate was 1.25% per month of the average
Daily balance. Find the new balance at the end of May.

• A)$170.70
• B)$222.23
• C)$169.25
• D)$142.19

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